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206 ARMSTRONG LANE
About This Property
The second level includes a primary suite with abundant natural light, newer windows, ample closet space, and an en-suite bath with a single vanity and upright shower. Two additional bedrooms provide flexible space for sleeping, work, or hobbies, and share a recently updated hall bathroom featuring stylish gold fixtures, a deep soaking tub, and grab bars. There are even laundry hook-ups on second floor.
On the main level, the front door opens into a bright living room The updated kitchen, renovated in 2014, features granite countertops, a stainless-steel farmhouse sink, KitchenAid refrigerator with bottom freezer, double oven with LG vent, Bosch stainless steel interior dishwasher, microwave, and newer windows. The kitchen flows into a combined dining and family room area, creating a functional space for everyday living and gatherings. A convenient half bath off the kitchen includes granite countertops and updated tile flooring.
Sliding glass doors lead to the backyard where you'll find an inviting Duradek patio, a large storage shed with electric, and a working hot tub after a long day. The fenced backyard is a retreat with plenty of room for sports equipment, big gardens and fun. The home also includes an unfinished basement with walk-up stairs to the backyard, brand new sump pump, and heat pump HVAC system.
All conveniently located near Rt 2 and Rt 10, shopping, Lake Waterford Park, Annapolis, Baltimore and DC.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Pasadena
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017